Short Interest in Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) Expands By 460.1%

Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 13,084 shares, a growth of 460.1% from the January 15th total of 2,336 shares. Based on an average daily volume of 57,776 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 57,776 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Nature Wood Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Nature Wood Group presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nature Wood Group stock. Citadel Advisors LLC purchased a new stake in Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 39,355 shares of the company’s stock, valued at approximately $54,000. Citadel Advisors LLC owned approximately 0.24% of Nature Wood Group at the end of the most recent quarter.

Nature Wood Group Stock Performance

Shares of NASDAQ:NWGL traded down $0.04 during midday trading on Tuesday, hitting $1.20. 31,736 shares of the stock were exchanged, compared to its average volume of 44,109. The business’s 50-day moving average price is $1.26 and its 200 day moving average price is $1.31. Nature Wood Group has a 12 month low of $0.91 and a 12 month high of $6.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.29 and a current ratio of 1.59.

Nature Wood Group (NASDAQ:NWGL) last issued its quarterly earnings data on Monday, December 29th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $4.05 million during the quarter.

Nature Wood Group Company Profile

Nature Wood Group, Inc engages in the design, manufacture and sale of wood-based panels and decorative surfaces for use in furniture, cabinetry, flooring and interior fit-outs. The company’s offerings include medium-density fiberboard, melamine-faced panels, decorative paper and edge-banding products, all tailored to meet the specifications of residential and commercial customers.

Through an integrated production model, Nature Wood Group oversees key stages from raw material procurement and wood refining to finishing and quality control.